Warren, Elizabeth ORCID: 0000-0002-1441-9369, Quinn, Martin and Kristandl, Gerhard ORCID: 0000-0002-8461-0935 (2015) Factors affecting power generation investments in Great Britain, c. 1960-2010. [Working Paper] (Unpublished)

Full text not available from this repository.

Abstract

The British press have published many articles in recent years warning the public of the likelihood of ‘blackouts’ due to an investment hiatus within Great Britain’s (GB) electricity generation industry. Despite allegations of scaremongering, the privatised energy industry is facing multiple challenges. The ideology of a market-led industry seems to have failed. While reasons remain uncertain, according to a UK government White Paper1 there is little doubt that the market structure in 2010 was not capable of providing a secure supply of electricity. This White Paper initiated an Electricity Market Reform (EMR), which the industry is currently in the process of implementing; however, if it will resolve lack of investment within the industry is yet unknown. The vulnerability of GB’s electricity generation industry makes this alleged lack of investment an interesting perspective from which to review developments and investment procedures. This review provides an opportunity to reflect upon the history of the industry and consider the implications on investment strategies of the shifting roles of markets, laws, politics, regulation and organisations. Reviewing the period from 1960 to 2010 to seek explanations of how we reached an investment hiatus and an uncertain future of the industry. Through the lens of New Institutional Sociology, we explore changes in institutionalised investment practice over this time.

Item Type:	Working Paper
Uncontrolled Keywords:	Investment, electricity generation, Electricity Market Reform (EMR), New Institutional Sociology & Great Britain’s electricity generation review
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of Accounting & Finance
Related URLs:	Organisation
Last Modified:	14 Apr 2017 14:05
URI:	http://gala.gre.ac.uk/id/eprint/13347

Actions (login required)

View Item